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Re: Can You Bet Legally On Sports ?

Postby theresajane » 28 Feb 2019, 12:25

In our country, betting on sports are only done within your group of friends. There are no large scale business that work on sports' bets.
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Re: Can You Bet Legally On Sports ?

Postby SUPERSINGH » 28 Feb 2019, 13:33

There are ways through which many are earning big and one such way is betting, it's not legal in India
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Re: Can You Bet Legally On Sports ?

Postby mrki444 » 01 Mar 2019, 13:35

MysticMoons wrote:
fergus1234 wrote:There is betting for singing contests now, on who is going to get voted off next.


Wow really? I know in the old days. people would be on who gets the high score or wins on
aracade games to.


This is normal. Today you can bet on almost everything, not just sport.
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Re: Can You Bet Legally On Sports ?

Postby SUPERSINGH » 01 Mar 2019, 13:50

I think we need to have some skills as well to be successful at betting and it can win you big money
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Re: Can You Bet Legally On Sports ?

Postby A K Rao » 01 Mar 2019, 14:06

SUPERSINGH wrote:There are ways through which many are earning big and one such way is betting, it's not legal in India


Except for Horse Racing no Sport is officially allowed to bet officially. But since the GST on the betting is too much that is at higher end of the slab of 28%, the Race clubs are facing bit difficulty in finding good business from the punters! Today Hyderabad Race Club approached the Government to request the reduction on GST on betting!
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Re: Can You Bet Legally On Sports ?

Postby Vehlijanta » 01 Mar 2019, 15:00

Government may not allow reduction in GST rates because it tries to reduce all earning opportunities.
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Re: Can You Bet Legally On Sports ?

Postby A K Rao » 02 Mar 2019, 05:42

Vehlijanta wrote:Government may not allow reduction in GST rates because it tries to reduce all earning opportunities.


This is just a try by the Club as the Horse Racing Industry is a big industry and it is giving job opportunity to lakhs of people around the country. If Government is not giving any consideration I am sure this Industry is going to perish soon! Hope Government will do some thing to save this age old Industry!
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Re: Can You Bet Legally On Sports ?

Postby Vehlijanta » 02 Mar 2019, 15:32

A K Rao wrote:
Vehlijanta wrote:Government may not allow reduction in GST rates because it tries to reduce all earning opportunities.


This is just a try by the Club as the Horse Racing Industry is a big industry and it is giving job opportunity to lakhs of people around the country. If Government is not giving any consideration I am sure this Industry is going to perish soon! Hope Government will do some thing to save this age old Industry!


Government tries to make things difficult. They will increase taxes on things they don't want to expand or flourish
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Re: Can You Bet Legally On Sports ?

Postby A K Rao » 02 Mar 2019, 18:57

Vehlijanta wrote:Government tries to make things difficult. They will increase taxes on things they don't want to expand or flourish


I fully agree with your desperation...but the Clubs like Hyderabad Race Club which are more than 100 years old (Founded in 1868) must be given a consideration by the Government at least to maintain the heritage. For that matter almost all the Race Clubs in India are more than 100 years old so are some Stud farms where the Race horses are being bred!
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Re: Can You Bet Legally On Sports ?

Postby mrki444 » 03 Mar 2019, 16:44

A K Rao wrote:Except for Horse Racing no Sport is officially allowed to bet officially.


Why you can bet only on Horse Racing and not on all other sports?
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Re: Can You Bet Legally On Sports ?

Postby Netherrealmer » 03 Mar 2019, 20:23

MysticMoons wrote:
fergus1234 wrote:There is betting for singing contests now, on who is going to get voted off next.


Wow really? I know in the old days. people would be on who gets the high score or wins on
aracade games to.


You have a higher chance to win a singing contest bet if you pick a good looking male contestant because the voters are teenage girls and thirsty housewives. Yes women dont support female contestants.
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Re: Can You Bet Legally On Sports ?

Postby MysticMoons » 03 Mar 2019, 20:25

I want to be on sports and UFC fights this year. My money is ready to be doubled very soon. I am starting to get greedy now. :D
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Re: Can You Bet Legally On Sports ?

Postby Alexandoy » 03 Mar 2019, 21:37

MysticMoons wrote:I want to be on sports and UFC fights this year. My money is ready to be doubled very soon. I am starting to get greedy now. :D


If you mean betting on UFC fights, I have not done that but I am practicing. Yesterday I listed down 3 fights for my imaginary bets and won 2 of them. If I get it right the next time maybe I can place a real bet online.
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Re: Can You Bet Legally On Sports ?

Postby JASPREET » 04 Mar 2019, 04:37

Alexandoy wrote:
MysticMoons wrote:I want to be on sports and UFC fights this year. My money is ready to be doubled very soon. I am starting to get greedy now. :D


If you mean betting on UFC fights, I have not done that but I am practicing. Yesterday I listed down 3 fights for my imaginary bets and won 2 of them. If I get it right the next time maybe I can place a real bet online.


Can we bet that easily on these UFC fights and how much minimum can we bet?
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Re: Can You Bet Legally On Sports ?

Postby ruthmongare » 22 Mar 2019, 19:36

Sports betting is very addictive and whenever you decide to venture on that then don't invest too much in it.
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Re: Can You Bet Legally On Sports ?

Postby riddy09 » 23 Mar 2019, 00:34

When you're sports fan, it can be addictive at the same time, profitable. Since you have more knowledge of the probability for winning the bet, it's hard to hold back when you are confident though on your winning team.
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Re: Can You Bet Legally On Sports ?

Postby Alexandoy » 23 Mar 2019, 01:10

riddy09 wrote:When you're sports fan, it can be addictive at the same time, profitable. Since you have more knowledge of the probability for winning the bet, it's hard to hold back when you are confident though on your winning team.


You are right with the addiction because I used to bet on horse races before. I really enjoyed it but I lost interest when the horses got fewer and the dividends got smaller.
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Re: Can You Bet Legally On Sports ?

Postby suny » 23 Mar 2019, 03:27

I am not sure if we can do this in India. Yesterday I tried to download a Cricket App MyTeam11 from Google play store but it said 'we do not allow an app that allows betting'. I was interested in team building for virtual competition.
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Last edited by suny on 23 Mar 2019, 04:08, edited 2 times in total.
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Re: Can You Bet Legally On Sports ?

Postby mrki444 » 23 Mar 2019, 03:51

suny wrote: Yesterday I tried to upload an Cricket App MyTeam11 from Google play store but it said 'we do not allow an app that allows betting'.


You mean download? Id you can't download it, how can you see it on Store?
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Re: Can You Bet Legally On Sports ?

Postby suny » 23 Mar 2019, 04:09

Yes I meant download and I have made correction, thanks for your suggestion.
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